Mixed-Use

750-850 SE 15th

750-850 SE 15th, Bend, OR 97702

Listing Price: Request For Offer

Lot Size
28.82 acres
Land Type
Land
Buildable Square Feet
1,255,399

Investment Overview

Marcus and Millichap, as the exclusive listing agent, is pleased to present 750-850 Southeast 15th Avenue, a 28.82-acre development site in Bend, Oregon. The property is two miles south of Pilot Butte Scenic Viewpoint and one and a half miles from Old Mill District.

The property is located 100% within Bends identified Opportunity Zone. The Opportunity Zone is a designated area which qualifies to receive federal tax incentives allowing for the reinvestment of capital gains to encourage land development.

The property has a master plan concept in place, where the sub-zoning required has been codified. This means there is no time limit for development to receive the more desirable zoning than if it had an approved master plan. The site is comprised of two parcels, totaling 28.82 acres in size, and is currently zoned Mixed Employment (ME) and Residential Urban Medium Density (RM) (see map on page 17 for detail).

The population in Bend is projected to grow approximately 14 percent by 2022, while employment is projected to grow 16 percent between 2012 and 2022. Apartment vacancy is currently under one percent, and has hovered below two percent for the last two years. With the new Oregon State University Cascades campus serving 1,900 students and Bends up-and-coming tech and bioscience industries, the Bend market is poised to support new mixed-use and multifamily development.

Investment Highlights

  • Rare Development Opportunity
  • In an Opportunity Zone
  • Centrally Located Near Highway 20 and Premier Bend Amenities
  • Attractive Demographics
  • Strong Consumer Demand Due to Shortage of Rental Housing in Bend

Exclusively Listed By

Listing Price: Request For Offer

Lot Size
28.82 acres
Land Type
Land
Buildable Square Feet
1,255,399

Investment Highlights

  • Rare Development Opportunity
  • In an Opportunity Zone
  • Centrally Located Near Highway 20 and Premier Bend Amenities
  • Attractive Demographics
  • Strong Consumer Demand Due to Shortage of Rental Housing in Bend

Investment Overview

Marcus and Millichap, as the exclusive listing agent, is pleased to present 750-850 Southeast 15th Avenue, a 28.82-acre development site in Bend, Oregon. The property is two miles south of Pilot Butte Scenic Viewpoint and one and a half miles from Old Mill District.

The property is located 100% within Bends identified Opportunity Zone. The Opportunity Zone is a designated area which qualifies to receive federal tax incentives allowing for the reinvestment of capital gains to encourage land development.

The property has a master plan concept in place, where the sub-zoning required has been codified. This means there is no time limit for development to receive the more desirable zoning than if it had an approved master plan. The site is comprised of two parcels, totaling 28.82 acres in size, and is currently zoned Mixed Employment (ME) and Residential Urban Medium Density (RM) (see map on page 17 for detail).

The population in Bend is projected to grow approximately 14 percent by 2022, while employment is projected to grow 16 percent between 2012 and 2022. Apartment vacancy is currently under one percent, and has hovered below two percent for the last two years. With the new Oregon State University Cascades campus serving 1,900 students and Bends up-and-coming tech and bioscience industries, the Bend market is poised to support new mixed-use and multifamily development.

Exclusively Listed By

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